The best online bookkeeping service should offer a wide range of bookkeeping solutions, including catch-up bookkeeping, invoicing, bill pay, bank reconciliation, payroll, and tax filing. Bookkeeper360 allows the accrual basis of accounting with its bookkeeping service. If you’re using the cash basis, Bookkeeping360 will handle the accruals and deferrals for you. The dedicated bookkeeper will meet you monthly to fix your books and generate monthly reports.

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If you decide to get this service, it should take less than two weeks to set up. Bookkeeper360 assigns US-based bookkeepers—who are employees, not contractors or freelancers—to keep your books up to date. If you need help, you can contact them via phone or live chat and set up unlimited meetings.

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Danielle Bauter has 25 years of experience as a Full-Charge Bookkeeper and has owned her own bookkeeping and payroll service for over two decades, working with various accounting software. As an entrepreneur myself, I am dedicated to researching the software and services that will streamline accounting processes, ultimately saving time and money. I leverage my expertise and extensive research capabilities to address the questions that the Fit Small Business audience has—and this ensures that content is rooted in knowledge and accuracy. For HR solutions, the HRS360 app can be purchased monthly or annually, at $15 per month or $150 per year. If you’re interested in HR projects or consulting, prices for these services start at $1,000 for projects and $350 per month for consulting.

The features you receive with Bookkeeper360 will largely depend on what your business needs and what kind of strategy you develop in your consultation. Ultimately you can choose services that range from advisory support to full, hands-on bookkeeping management. The specific bookkeeping features you receive with Bookkeeper360’s service will depend on the plan you develop. You have the option to create a custom solution; however, you can also choose one of the three pre-designed packages Bookkeeper360 offers. Excluded in the bookkeeping service would be customer invoicing, inventory management, and vendor billing because these fall under a separate product called Back-office services. Visit Bookkeeper360’s Back-Office Technology page for more information about these services.

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Bookkeeper360 is working on its own application, 360app, that will allow you to manage all of your Bookkeeper360 services, from accounting to financial planning, in one place. This app has not yet launched, but according to the Bookkeeper360 website, will be included in all packages. The three CFO Advisory plans are called “Advisory,” “Coaching” and “Inventory.” The Advisory plan includes services bookkeeper360 such as KPI reporting, profitability improvements and basic operational processes. The Coaching plan is more in-depth, not only providing assistance with overall systems and operations but also strategic planning and executive coaching.

You can view profit and loss details, revenues, direct costs, and net income. The second plan, “Small Business Plus,” accommodates 126 to 150 transactions and class and location tracking, in addition to the features of the Small Business Plan. Moreover, just like Bookkeeper360, Bookkeeper.com offers additional services for payroll, tax planning and management, as well as general financial planning. Bookkeeper360 can work with a variety of payroll solutions, including top providers like Gusto and ADP. It also gives you the option to integrate Xero with these different solutions to sync your payroll data.

• For cash-basis accounting, pricing starts at $399 per month for companies with up to $20,000 in monthly expenses.
• This Bookkeeper360 review discusses features and pricing to help you determine if this is the right service for you.
• Be on the lookout for an email from “” with your Bookkeeper360 App invite instructions within 48 hours of signing the proposal.

Learn more about how our personalized bookkeeping, tax, and advisory solutions can help your business. In cost and management accounting, operating expenses are mostly fixed costs and this cost behavior is evident in the sample chart above. You can use this chart to analyze the behavior of your business’ operating expenses.

Although Bench does not provide tax services, it can work directly with your CPA during tax time or connect you to a tax professional in its network. Similarly, Bookkeeper360 offers Advisory, Coaching and Inventory options for its CFO Advisory services. The Advisory plan starts at $700 per month and the Coaching plan starts at $1,500 per month. If you need to be able to accept credit card payments at your business, Bookkeeper360 also provides merchant services.

• With the first plan, called the “Support” plan, you continue to manage your own bookkeeping with some assistance from the Bookkeeper360 advisors.
• It also gives you the option to integrate Xero with these different solutions to sync your payroll data.
• However, Bookkeeper360 offers tax services that include individual or business income tax filings, local tax filings, 1099 reporting, and overall tax planning and compliance.
• Learn more in our cash- vs accrual-basis accounting method comparison, which also covers when to use each.

By using this chart, you can assess monthly cash needs based on expected cash inflows and outflows. The blue line represents current year data, while the gray line represents previous year’s data. You can use this year-over-year comparison to spot seasonality in revenues and expenses. You can also immediately abnormal fluctuations in numbers and investigate the reason for these fluctuations further. Since the software works best when integrated with QuickBooks and Xero, I took user scores from the app stores of each accounting software.

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When it comes to its payroll services, on the other hand, Bookkeeper360 bases pricing on the number of employees you have. If you have one employee, it will cost $45 per month; if you have 20 employees, it will cost $159 per month. If you have more than 30 employees, you have to contact them directly to determine the cost of its payroll services.

The CFO will help in determining and evaluating key performance indicators, performing profitability analysis, developing a growth strategy, and optimizing cash flow. If you’re planning to expand your business but need additional capital, the CFO will help you forecast the business’s financials, craft business plans, and determine the optimal capital structure. Despite these significant benefits of Bookkeeper360, there are also downsides to this online bookkeeping service worth considering.

On top of its core online bookkeeping services, Bookkeeper360 offers additional solutions for functions like payroll, taxes and HR. The three subscription plans for core bookkeeping services are listed below. Any services beyond bookkeeping—such as payroll, HR, taxes, or keeping your books up-to-date—are available at an additional cost. For $19.99 a month, you can also opt to use the Bookkeeper360 App (available for QuickBooks and Xero users) without subscribing to the bookkeeping service. If you’re looking for a Bookkeeper360 alternative that is focused on bookkeeping, you might consider Bench. With Bench, you not only receive online bookkeeping services but access to its proprietary bookkeeping software as well.

And so, I don’t have to spend the time that we were spending in-house to deal with all of these bookkeeping issues. And so, having somebody who is the best at that means that we don’t need to bring those skills in house. “Bookkeeper360 provided a window into my business that I never knew I needed.”

They will also grant you access to their screen so that you can view your books. Bookkeeper360 pricing took a hit in my evaluation because it’s quite pricey compared with competitors, and I believe that very small businesses with limited budgets might find its services expensive. It also fails to provide complete pricing information for many of its services.

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Bookkeeper360 offers HR support for small businesses through a tool called HRS360. With this app, you’ll have access to a forms library, salary benchmarking tools and HR professionals. HRS360 also provides assistance with federal and state compliance, training videos, employee on-boarding forms and job descriptions.

Bookkeeper360 is an online bookkeeping service designed to help small and medium-sized businesses with their bookkeeping and accounting. When you sign up for Bookkeeper360, you receive a dedicated account manager, who will work with you to create a service strategy that meets your needs. After this, you’ll connect Bookkeeper360 to your accounting system — either QuickBooks or Xero — and you’ll be able to work collaboratively online with your bookkeeper to manage your business finances. Like Bookkeeper360, Bookeeper.com is a U.S.-based online bookkeeping service provider that works with small businesses.

Bookkeeper360 is a financial technology solution that helps businesses manage their finances. Our commitment to excellence and client success has earned us independent recognition as one of the top online bookkeeping solutions by publications such as NerdWallet, Forbes, and Entrepreneur Magazine. The two additional Bookkeeper360 plans, “Monthly” and “Weekly” will offer more hands-on support. If you’re looking for an online bookkeeping service that can help you with the entirety of your business financial operations, Bookkeeper360 can do just that. In addition to its core bookkeeping and accounting services, Bookkeeper360 offers six other solution types, from taxes to human resources.